Ignoramus hypocrites i.e. loony left, profit is not a dirty word.
Nobody starts a business to lose money or to break even. They start a business to make a profit. It is called incentive. Without incentive no one would start a business.
If new business owners are successful they create a product or a service. They hire people, create jobs, create work (something the ignoramus hypocrites avoid like the plague). They create wealth. With that wealth they (unless you're the Dear Leader's domestic job czar, chairman of GE) they pay taxes and buy products. Taxes sustain our bloated, inefficient government and buying products which sustains our economy.
This is Eco 101. I have tried to spell this out in the simplest of terms that even the intellectually deficient (ignoramus hypocrites) can understand.
I hope this clears up their muddled ideas on capitalism.
Good Post, LP. However, the post didn't quite "clear up their muddled ideas on capitalism"
"This is Eco 101. I have tried to spell this out in the simplest of terms that even the intellectually deficient (ignoramus hypocrites) can understand."
See, "Eco 101" in their muddled minds, mean "Eco Justice", which in their simplest of minds means REDISTRIBUTION. Income redistribution is "Eco 101"." In Eco 101", what is mine is gift from dear leader and what is yours is ours subject to, and pending redistribution. "At some point, business owners and job creators, aka capitalists, would have made enough"...Our dear leader made this remark himself! I can't make this up.
You said "This is Eco 101. I have tried to spell this out in the simplest of terms that even the intellectually deficient (ignoramus hypocrites) can understand."
Here is someone who just studies Eco 101, while never going on to study Eco 102, and he thinks he knows it all. Eco 102 deals with trusts, monopolies, and cartels. Excessive profits gotten by monopolies, trusts, and cartels are not only dirty, but these excessive profits are illegal by law.
Big oil, importing oil from a stated cartel OPEC, makes obscene profits from the actions of a stated cartel OPEC to control oil supply. If you go beyond just Eco 101, you will learn something.
Cags, we have laws against monopolies but obviously OPEC is not a US based cartel so what's your point?
I'm not sure where you're originally from but there haven't been monopolies here in forever. Unless a government controls an industry, competition makes a monopoly nearly impossible. That's why you do have state owned, aka monopolies in some European industries. Here of course we do have utilities that own markets, but because of government regulation they dont have monopolistic powers.